VCSC Mulling to Sue Dragon Capital For Error Information About Its CEO To Hai

In an official document dated September 5, VietCapital Securities Company officially voiced its reply on the issue that on August 21 report to shareholders, Dragon Capital said To Hai, CEO of VCSC was summoned by the police to support investigators in the case of Nguyen Duc Kien’ arrest.

VCSC sees the wrong information, based on typical characteristics of Vietnam’s financial market, has “not small” consequences forTo Hai’s prestige and VCSC’s name and VCSC is considering suing Dragon Capital to suitable court.

On August 22, Dragon Capital had to correct information and posted the following on its homepage: “ Recent Events – Correction



At the end of a furious Tuesday 21st Aug, in a message to our investors, we unfortunately overstepped the bounds of accuracy, in associating Mr To Hai of Viet Capital Securities with an investigation. This was based on erroneous information, and Mr Hai is rightly incensed.

We wish to correct our update accordingly, and apologise unreservedly to Mr Hai and his colleagues for any distress or inconvenience caused. Viet Capital Securities is a valued counterparty of Dragon Capital.”